Recent Updates
  • The global dairy foods market size was USD 708.70 billion in 2020. The market is anticipated to grow from USD 771.35 billion in 2021 to USD 1,190.39 billion in 2028 at a CAGR of 6.39% during the 2021-2028 period.

    This information is provided by Fortune Business Insights, in its report, titled, “Dairy Foods Market, 2021-2028.”

    According to our analysts, the market is observing advanced growth owing to the increasing demand for an extensive variety of dairy foods and milk in the application of several food products. This is expected to bolster demand for the product during the forecast period.

    COVID-19 Impacts:

    Demand & Supply Disruptions of to Hamper Market during COVID-19 Pandemic

    The dairy industry has gone through an exponential commotion during the outbreak of the COVID-19 pandemic owing to the prime change in demand aspects. The country-wide lockdowns in numerous established as well as emerging nations also obstructed the foodservice and hospitality industry, which has substantially declined the demand for milk and other dairy foods.

    Report Coverage:

    We offer our reports, which are directed with an all-inclusive examination approach that primarily emphasizes on delivering detailed material. Our scholars have applied a data triangulation process which further assists us to offer dependable approximations and test the general market dynamics accurately. Additionally, our analysts have gained admittance to abundant international as well as regionally financed registers for providing the up-to-date material so that the shareholders and business experts to invest only in crucial sectors.

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/dairy-foods-market-103890

    Segmentation:

    On the basis of source, the market is separated into goat, cattle, sheep, and camel. The sufficient accessibility of cattle milk in comparison with other sources, principally drives the segmental growth.

    By type, the market is divided into, lactose and lactose-free.

    Based on product type, the market is branched into milk, butter, cheese, yogurt, dessert, and others.

    In terms of distribution channel, the global market is segregated into supermarket/hypermarkets, convenience stores, specialty stores, and online retail.

    Geographically, the market has been categorized into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

    List of Key Players Mentioned in the Dairy Food Market Report:

    Fonterra Co-operative Group Limited (Auckland, New Zealand)
    Royal Friesland Campina N.V. (Amersfoort, Netherlands)
    Danone S.A. (Paris, France)
    Nestle S.A. (Vevey, Switzerland)
    Dairy Farmers of America, Inc. (Kansas, U.S.)
    Lactalis International (Laval, France)
    Arla Foods Group (Viby, Denmark)
    DuPont de Nemours, Inc. (Delaware, U.S.)
    Unilever Plc (London, U.K.)
    The Kraft Heinz Company (Illinois, U.S.)
    Drivers and Restraints:

    Rising Demand for Value Added Dairy Products to Bolster Market Growth

    The dairy industry is thriving across the world with expansions and inventions putting new dairy products on the retail platform. Moreover, the continuously progressing consumer routines with their increasing disposable incomes have augmented the demand for value-added dairy products such as creams, cheese, butter, yogurts and others among customers. This in turn, is expected to bolster the dairy foods market growth during the forecast period.
    The global dairy foods market size was USD 708.70 billion in 2020. The market is anticipated to grow from USD 771.35 billion in 2021 to USD 1,190.39 billion in 2028 at a CAGR of 6.39% during the 2021-2028 period. This information is provided by Fortune Business Insights, in its report, titled, “Dairy Foods Market, 2021-2028.” According to our analysts, the market is observing advanced growth owing to the increasing demand for an extensive variety of dairy foods and milk in the application of several food products. This is expected to bolster demand for the product during the forecast period. COVID-19 Impacts: Demand & Supply Disruptions of to Hamper Market during COVID-19 Pandemic The dairy industry has gone through an exponential commotion during the outbreak of the COVID-19 pandemic owing to the prime change in demand aspects. The country-wide lockdowns in numerous established as well as emerging nations also obstructed the foodservice and hospitality industry, which has substantially declined the demand for milk and other dairy foods. Report Coverage: We offer our reports, which are directed with an all-inclusive examination approach that primarily emphasizes on delivering detailed material. Our scholars have applied a data triangulation process which further assists us to offer dependable approximations and test the general market dynamics accurately. Additionally, our analysts have gained admittance to abundant international as well as regionally financed registers for providing the up-to-date material so that the shareholders and business experts to invest only in crucial sectors. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/dairy-foods-market-103890 Segmentation: On the basis of source, the market is separated into goat, cattle, sheep, and camel. The sufficient accessibility of cattle milk in comparison with other sources, principally drives the segmental growth. By type, the market is divided into, lactose and lactose-free. Based on product type, the market is branched into milk, butter, cheese, yogurt, dessert, and others. In terms of distribution channel, the global market is segregated into supermarket/hypermarkets, convenience stores, specialty stores, and online retail. Geographically, the market has been categorized into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. List of Key Players Mentioned in the Dairy Food Market Report: Fonterra Co-operative Group Limited (Auckland, New Zealand) Royal Friesland Campina N.V. (Amersfoort, Netherlands) Danone S.A. (Paris, France) Nestle S.A. (Vevey, Switzerland) Dairy Farmers of America, Inc. (Kansas, U.S.) Lactalis International (Laval, France) Arla Foods Group (Viby, Denmark) DuPont de Nemours, Inc. (Delaware, U.S.) Unilever Plc (London, U.K.) The Kraft Heinz Company (Illinois, U.S.) Drivers and Restraints: Rising Demand for Value Added Dairy Products to Bolster Market Growth The dairy industry is thriving across the world with expansions and inventions putting new dairy products on the retail platform. Moreover, the continuously progressing consumer routines with their increasing disposable incomes have augmented the demand for value-added dairy products such as creams, cheese, butter, yogurts and others among customers. This in turn, is expected to bolster the dairy foods market growth during the forecast period.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Dairy Foods Market Size, Share, Growth and Trends by 2028
    The global dairy foods market is projected to grow from USD 771.35 billion in 2021 to USD 1,190.39 billion in 2028 at a CAGR of 6.39%
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  • The global soup market size reports further observe that the market was worth $16.12 billion in 2019. Soup is a type of liquid food that is typically served warm or hot that includes combination of several vegetables or meat along with added water. It is believed that this liquid food is one of the oldest cooking food products. The oldest soup dates back to over 20,000 BC and since then has evolved in terms of ingredients and taste. The global soup market size is expected to foresee significant growth by exhibiting a CAGR of 2.79% between 2020 and 2027. Factors such as increasing demand for convenience food products and rapid urbanization is anticipated to propel the market to reach $21.0 billion by 2027

    Furthermore, it is savored during the frosty winter days as it provides warmth along with health benefits. A warm vegetable broth brings in refreshing experience at any given time of the day. Moreover, it can be prepared quickly, does not require long preparation hours, and thereby satisfies the hunger pangs instantly.10 Companies Operating in the Global Soup Market:

    The Campbell Soup Company
    Nestlé S.A
    Baxters Food Group Limited
    General Mills, Inc
    Conagra Brands, Inc.
    Premier Foods Group Limited
    The Kraft Heinz Company
    Hindustan Unilever Limited
    Ottogi Co., Ltd
    Associated British Foods plc
    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/soup-market-102838

    Segmentation:

    Instant Soup that Held 36.78% Market Share to Exhibit Exponential Growth

    The segment Instant Soup (By Type) is likely to witness massive market in the forthcoming years. Additionally, it held a market share of about 36.78% in 2019 and is expected to grow gradually owing to increasing preference for ready-to-eat snack among consumers.

    On the other hand, canned soup is anticipated to hold the second-most leading share for the market backed by large-scale penetration of the product in developed regions. For instance, countries such as the U.S. and GermBrowse In-depth Summary of This Research Insight:any usually prefer canned soups to chilled and dehydrated soups.

    Drivers and Restraints:

    Increasing Consumption of Convenience Foods to Aid Growth

    Increasing density of population and high disposable income is driving the demand for convenience food products across the globe. The people owing to hectic work life prefer several food products that are ready-to-eat and can be consumed instantly. Additionally, increasing number of women working population is anticipated to bolster the growth of the market in the forthcoming years.

    Furthermore, the manufacturers are innovating their products to cater to the increasing demand of the consumers. Moreover, growing demand for packaged food products among developed and developing economies will bode well for the growth of the market. For instance, according to the Canada Agri-food report, China registered a total sales value of USD 272, 741 Million in 2019 and is further anticipated to grow at a rate of 7%.

    Regional Analysis:

    Large Consumer Base in Europe to Promote Growth

    Among the regions, Europe is expected to remain at the forefront and register highest global soup market revenue during the projected horizon. In addition to this, Europe was worth USD 6.07 Billion in 2019 and is likely to grow significantly. This is ascribable to factors such as presence of large consumer base and high demand for processed foods in the region. North America, on the other hand, is anticipated to be the second-most leading region in the forthcoming years. This is attributable to factors such as large consumer base that prefers instant food products.



    Competitive Landscape:

    Ritzy West End Introducing a $15 Takeaway Package to Stimulate Growth

    In May 2020, Ritzy West End’s Chef Ris Lacoste announced its $15 care packages that is available for delivery and takeaway in D.C. amid the widespread effects of novel coronavirus.

    In times of chaos and hardship, the West End restaurant is offering its care packages that include a salad of the week, fresh baked bread, and pint-sized soups without charging any delivery fees. Like Ritzy’s, there are several others who are helping the cause to uplift the people who are suffering from devastating effects. Furthermore, adoption of strategies such as novel product launch, collaboration, and merger and acquisition by the companies will positively affect the growth of the market between 2020 and 2027.

    Key Industry Development:

    January 2020: Clarity Food Ventures LLC introduced its new range of refrigerated soupy kits, Soup Explorers. According to the company, the food product involves less preparation time and includes several new flavors such as Vietnamese Vegetable Pho, American Chicken Noodle, and Moroccan Chilled Cucumber, among others. The introduction of the product is likely to cement its position in the global marketplace.

    The global soup market size reports further observe that the market was worth $16.12 billion in 2019. Soup is a type of liquid food that is typically served warm or hot that includes combination of several vegetables or meat along with added water. It is believed that this liquid food is one of the oldest cooking food products. The oldest soup dates back to over 20,000 BC and since then has evolved in terms of ingredients and taste. The global soup market size is expected to foresee significant growth by exhibiting a CAGR of 2.79% between 2020 and 2027. Factors such as increasing demand for convenience food products and rapid urbanization is anticipated to propel the market to reach $21.0 billion by 2027 Furthermore, it is savored during the frosty winter days as it provides warmth along with health benefits. A warm vegetable broth brings in refreshing experience at any given time of the day. Moreover, it can be prepared quickly, does not require long preparation hours, and thereby satisfies the hunger pangs instantly.10 Companies Operating in the Global Soup Market: The Campbell Soup Company Nestlé S.A Baxters Food Group Limited General Mills, Inc Conagra Brands, Inc. Premier Foods Group Limited The Kraft Heinz Company Hindustan Unilever Limited Ottogi Co., Ltd Associated British Foods plc Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/soup-market-102838 Segmentation: Instant Soup that Held 36.78% Market Share to Exhibit Exponential Growth The segment Instant Soup (By Type) is likely to witness massive market in the forthcoming years. Additionally, it held a market share of about 36.78% in 2019 and is expected to grow gradually owing to increasing preference for ready-to-eat snack among consumers. On the other hand, canned soup is anticipated to hold the second-most leading share for the market backed by large-scale penetration of the product in developed regions. For instance, countries such as the U.S. and GermBrowse In-depth Summary of This Research Insight:any usually prefer canned soups to chilled and dehydrated soups. Drivers and Restraints: Increasing Consumption of Convenience Foods to Aid Growth Increasing density of population and high disposable income is driving the demand for convenience food products across the globe. The people owing to hectic work life prefer several food products that are ready-to-eat and can be consumed instantly. Additionally, increasing number of women working population is anticipated to bolster the growth of the market in the forthcoming years. Furthermore, the manufacturers are innovating their products to cater to the increasing demand of the consumers. Moreover, growing demand for packaged food products among developed and developing economies will bode well for the growth of the market. For instance, according to the Canada Agri-food report, China registered a total sales value of USD 272, 741 Million in 2019 and is further anticipated to grow at a rate of 7%. Regional Analysis: Large Consumer Base in Europe to Promote Growth Among the regions, Europe is expected to remain at the forefront and register highest global soup market revenue during the projected horizon. In addition to this, Europe was worth USD 6.07 Billion in 2019 and is likely to grow significantly. This is ascribable to factors such as presence of large consumer base and high demand for processed foods in the region. North America, on the other hand, is anticipated to be the second-most leading region in the forthcoming years. This is attributable to factors such as large consumer base that prefers instant food products. Competitive Landscape: Ritzy West End Introducing a $15 Takeaway Package to Stimulate Growth In May 2020, Ritzy West End’s Chef Ris Lacoste announced its $15 care packages that is available for delivery and takeaway in D.C. amid the widespread effects of novel coronavirus. In times of chaos and hardship, the West End restaurant is offering its care packages that include a salad of the week, fresh baked bread, and pint-sized soups without charging any delivery fees. Like Ritzy’s, there are several others who are helping the cause to uplift the people who are suffering from devastating effects. Furthermore, adoption of strategies such as novel product launch, collaboration, and merger and acquisition by the companies will positively affect the growth of the market between 2020 and 2027. Key Industry Development: January 2020: Clarity Food Ventures LLC introduced its new range of refrigerated soupy kits, Soup Explorers. According to the company, the food product involves less preparation time and includes several new flavors such as Vietnamese Vegetable Pho, American Chicken Noodle, and Moroccan Chilled Cucumber, among others. The introduction of the product is likely to cement its position in the global marketplace.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Soup Market Size, Share, Trends | Industry Forecast [2020-2027]
    The global soup market size was $16.12 billion in 2019 and is projected to reach $21.0 billion by 2027, exhibiting a CAGR of 2.79% during the forecast period
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  • The global agricultural biologicals market is expected to grow considerably during the forecast period. Fortune Business Insights shares its findings in its report, titled “Agricultural Biologicals Market Size, Share and Global Trend by Type (Biopesticides, Biostimulants, and Biofertilizers), Source (Microbial and Biochemicals), Application Method (Foliar Spray, Soil Treatment, Seed Treatment, and Others), Crops, and Geography Forecast till 2026”. The report also incorporates an in-depth analysis of the probable market trends and the factors that will influence the market.

    Agricultural biologicals refer to a group of products derived using natural sources such as plant extracts, selected insects, and microorganisms such as fungi and bacteria. The most commonly used biological products in agriculture include bio-fertilizers, bio-stimulants, and bio-pesticides.

    Rising Demand for Better Quality Farm Yields to Drive the Market

    The global agricultural biologicals market growth is set for a major upsurge owing to the climbing demand for naturally-extracted productivity-enhancing products. These biologicals entail a host of economic benefits. For example, a study conducted by the Food and Agriculture Organization in Lesotho showed that conservation agriculture, wherein biologicals are a key component, has greater efficiency as high output levels are achieved with lower inputs. There was also a marked increase in agricultural yields where biologicals were employed. Thus, economic feasibility of biologicals will boost the global agricultural biologicals market revenue.

    Browse Summary

    https://www.fortunebusinessinsights.com/industry-reports/agricultural-biologicals-market-100411

    Increasing Environmental Concerns to Spur the Adoption Rates of Biologicals

    According to the FAO, agricultural biologicals possess a variety of agronomic and environmental advantages. For example, regular infusion of crop residue increases the organic content of the soil, improves soil quality and structure, and aids water conservation. The cumulative effect is enhanced productivity in quantitative and qualitative terms, which bodes well for the global agricultural biologicals market. Quality yields have taken high priority as synthetic chemical fertilizers and pesticides are known to diminish the nutritional value of foodstuffs. Environmental benefits, closely linked to the economics of biologicals, are manifold. For example, sustainable agricultural practices can increase biodiversity in soils, enhance carbon sequestration capabilities of soil, improve air quality, and prevent unnatural soil erosion.
    The global agricultural biologicals market is expected to grow considerably during the forecast period. Fortune Business Insights shares its findings in its report, titled “Agricultural Biologicals Market Size, Share and Global Trend by Type (Biopesticides, Biostimulants, and Biofertilizers), Source (Microbial and Biochemicals), Application Method (Foliar Spray, Soil Treatment, Seed Treatment, and Others), Crops, and Geography Forecast till 2026”. The report also incorporates an in-depth analysis of the probable market trends and the factors that will influence the market. Agricultural biologicals refer to a group of products derived using natural sources such as plant extracts, selected insects, and microorganisms such as fungi and bacteria. The most commonly used biological products in agriculture include bio-fertilizers, bio-stimulants, and bio-pesticides. Rising Demand for Better Quality Farm Yields to Drive the Market The global agricultural biologicals market growth is set for a major upsurge owing to the climbing demand for naturally-extracted productivity-enhancing products. These biologicals entail a host of economic benefits. For example, a study conducted by the Food and Agriculture Organization in Lesotho showed that conservation agriculture, wherein biologicals are a key component, has greater efficiency as high output levels are achieved with lower inputs. There was also a marked increase in agricultural yields where biologicals were employed. Thus, economic feasibility of biologicals will boost the global agricultural biologicals market revenue. Browse Summary https://www.fortunebusinessinsights.com/industry-reports/agricultural-biologicals-market-100411 Increasing Environmental Concerns to Spur the Adoption Rates of Biologicals According to the FAO, agricultural biologicals possess a variety of agronomic and environmental advantages. For example, regular infusion of crop residue increases the organic content of the soil, improves soil quality and structure, and aids water conservation. The cumulative effect is enhanced productivity in quantitative and qualitative terms, which bodes well for the global agricultural biologicals market. Quality yields have taken high priority as synthetic chemical fertilizers and pesticides are known to diminish the nutritional value of foodstuffs. Environmental benefits, closely linked to the economics of biologicals, are manifold. For example, sustainable agricultural practices can increase biodiversity in soils, enhance carbon sequestration capabilities of soil, improve air quality, and prevent unnatural soil erosion.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Agricultural Biologicals Market Size, Share & Forecast 2026
    The global agricultural biologicals market size was valued at USD 7.42 billion in 2018 and is projected to reach USD 20.59 billion by the end of 2026, exhibiting a CAGR of 13.68%
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  • The global yeast extract market size is expected to rise during the forecast period due to the increasing demand for bakery products and the high utilization of yeast and the food & beverage industry. Fortune Business Insights™ shares this information in a report titled, "Yeast Extract Market, 2022-2029". As per the report, the yeast extract market size was USD 1.75 billion in 2021. The market size is expected to rise from USD 1.89 billion in 2022 to USD 3.39 billion by 2029 at a CAGR of 8.7% during the forecast period.

    Yeast extract is commonly used in food and beverage products such as savory snacks, ready-to-eat meals, soups, and sauces. The yeast extract is produced from fresh yeast utilized in beer, wine, and bread production. The rising demand for bakery products and increasing consumption of alcoholic beverages are expected to drive the market during the projected period.

    List of Key Players Profiled in Market Report:

    Lesaffre (France)
    AngelYeast Co., Ltd (China)
    Halcyon Proteins, (Australia)
    (France)
    Thai Foods International (Thailand)
    Alltech (S.)
    Synergy Flavors (U.S.)
    Lallemand, Inc. (Canada)
    Ohly (Germany)
    Leiber GmBH (Germany)

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/yeast-extract-market-106656


    The global yeast extract market size is expected to rise during the forecast period due to the increasing demand for bakery products and the high utilization of yeast and the food & beverage industry. Fortune Business Insights™ shares this information in a report titled, "Yeast Extract Market, 2022-2029". As per the report, the yeast extract market size was USD 1.75 billion in 2021. The market size is expected to rise from USD 1.89 billion in 2022 to USD 3.39 billion by 2029 at a CAGR of 8.7% during the forecast period. Yeast extract is commonly used in food and beverage products such as savory snacks, ready-to-eat meals, soups, and sauces. The yeast extract is produced from fresh yeast utilized in beer, wine, and bread production. The rising demand for bakery products and increasing consumption of alcoholic beverages are expected to drive the market during the projected period. List of Key Players Profiled in Market Report: Lesaffre (France) AngelYeast Co., Ltd (China) Halcyon Proteins, (Australia) (France) Thai Foods International (Thailand) Alltech (S.) Synergy Flavors (U.S.) Lallemand, Inc. (Canada) Ohly (Germany) Leiber GmBH (Germany) Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/yeast-extract-market-106656
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Yeast Extract Market Size, Share | Growth Analysis [2022-2029]
    The global yeast extract market is projected to grow from $1.89 billion in 2022 to $3.39 billion by 2029, at a CAGR of 8.7% in forecast period, 2022-2029
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  • The global meat substitutes market size is set to gain traction from the surging shift of people towards vegan diets, especially in North America and Western Europe. The Vegan Society, for instance, declared that if the world went vegan, it could reduce greenhouse gas emissions by two thirds, save around 8 million human lives, and save healthcare expenditure by 2050. This information is given by Fortune Business Insights™ in a report, titled, “Meat Substitutes Market Size, Share & COVID-19 Impact Analysis, By Source (Soy-based Ingredients, Wheat-based Ingredients, Textured Vegetable Proteins, and Other grain-based Ingredients), Distribution Channel (Mass Merchandisers, Specialty Stores, Online Retail, Other Retail Channels, and Foodservice), and Regional Forecasts, 2021 – 2028.” As per the report, the market size was USD 4.98 billion in 2020. It is projected to grow from USD 5.37 billion in 2021 to USD 10.80 billion by 2028, exhibiting a CAGR of 10.48% during the forecast period.

    List of renowned providers of meat substitutes operating in the global market:

    Tyson Foods, Inc. (Arkansa, United States)
    Greggs plc (Newcastle upon Tyne, United Kingdom)
    Marlow Foods Ltd (Middlesbrough, United Kingdom)
    Conagra Brands, Inc. (Illinois, United States)
    Unilever NV (London, United Kingdom)
    Hilton Food Group plc (Cambridgeshire, United Kingdom)
    Kerry Group Plc (Tralee, Ireland)
    Savage River Inc. (California, United States)
    JUST, Inc. (California, United States)
    Impossible Foods Inc. (California, United States)

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/industry-reports/meat-substitutes-market-100239

    The global meat substitutes market size is set to gain traction from the surging shift of people towards vegan diets, especially in North America and Western Europe. The Vegan Society, for instance, declared that if the world went vegan, it could reduce greenhouse gas emissions by two thirds, save around 8 million human lives, and save healthcare expenditure by 2050. This information is given by Fortune Business Insights™ in a report, titled, “Meat Substitutes Market Size, Share & COVID-19 Impact Analysis, By Source (Soy-based Ingredients, Wheat-based Ingredients, Textured Vegetable Proteins, and Other grain-based Ingredients), Distribution Channel (Mass Merchandisers, Specialty Stores, Online Retail, Other Retail Channels, and Foodservice), and Regional Forecasts, 2021 – 2028.” As per the report, the market size was USD 4.98 billion in 2020. It is projected to grow from USD 5.37 billion in 2021 to USD 10.80 billion by 2028, exhibiting a CAGR of 10.48% during the forecast period. List of renowned providers of meat substitutes operating in the global market: Tyson Foods, Inc. (Arkansa, United States) Greggs plc (Newcastle upon Tyne, United Kingdom) Marlow Foods Ltd (Middlesbrough, United Kingdom) Conagra Brands, Inc. (Illinois, United States) Unilever NV (London, United Kingdom) Hilton Food Group plc (Cambridgeshire, United Kingdom) Kerry Group Plc (Tralee, Ireland) Savage River Inc. (California, United States) JUST, Inc. (California, United States) Impossible Foods Inc. (California, United States) Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/industry-reports/meat-substitutes-market-100239
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    Meat Substitutes Market Size, Share | Global Report, 2021-2028
    The global meat substitutes market is projected to grow from $5.37 billion in 2021 to $10.80 billion by 2028, exhibiting a CAGR of 10.48% in forecast period
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  • The global probiotics in animal feed market share is expected to reach USD 6.24 billion by the end of 2026, exhibiting a CAGR of 7.30% during the forecast. The rising awareness among cattle and pet owners regarding the benefits of probiotics on livestock’s overall performance is one of the key factors fostering the growth of the market in the forthcoming years, says Fortune Business Insights™ in a report, titled “Probiotics in Animal Feed Market Size, Share and Industry Analysis By Microbial Genus (Lactobacillus, Bifidobacterium, Yeast, and other microbes), By Application (Ruminant, Poultry, Swine, Aquaculture, Others), and Regional Forecast 2019-2026” the market size stood at USD 3.56 billion in 2018. The increasing consumption of animal-derived products along with clean-label requirement by cattle owners will facilitate the growth of the market in the foreseeable future.

    According to the report, the market by microbial genus is divided into Lactobacillus and Bifidobacterium, yeast, and other microbes. Lactobacillus and Bifidobacterium are expected to account for the highest share in the market owing to their extensive use in the majority of probiotics in animal feed. Furthermore, bacterial strains are proven to be sustainable and viable alternatives to antibiotic growth promoters. Besides, the use of yeast and other fungi has also gained popularity and is likely to grow considerably during the forecast period. For instance, Saccharomyces cerevisiae supports the adequate build-up of protein in the animals; they have also exhibited immunostimulatory activity in farm animals apart from improving the digestive physiology.

    The report provides an all-encompassing summary of all the prevailing trends of the probiotics in animal feed market. It offers profound insights into all the segments and shares analytical statistics on the geographical aspect of the market. It is created after extensive research followed by wide-ranging analysis to support companies, stakeholders, financers, and potential investors. The report aims to deliver a vibrant illustration of the market size. Additionally, it also covers the latest advancement and development, product launches, acquisitions, collaborations & partnerships, and others

    Some of the Major Companies in the Probiotics in Animal Feed Market are:

    Hansen A/S
    Danisco A/S
    Koninklijke DSM N.V.
    Lallemand Inc.
    Calpis Co
    Provita Eurotech Ltd
    Orffa International Holding B.V.
    BIOMIN Holding GmbH
    Novus International Inc.
    Evonik Industries

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/industry-reports/probiotics-in-animal-feed-market-101018

    The global probiotics in animal feed market share is expected to reach USD 6.24 billion by the end of 2026, exhibiting a CAGR of 7.30% during the forecast. The rising awareness among cattle and pet owners regarding the benefits of probiotics on livestock’s overall performance is one of the key factors fostering the growth of the market in the forthcoming years, says Fortune Business Insights™ in a report, titled “Probiotics in Animal Feed Market Size, Share and Industry Analysis By Microbial Genus (Lactobacillus, Bifidobacterium, Yeast, and other microbes), By Application (Ruminant, Poultry, Swine, Aquaculture, Others), and Regional Forecast 2019-2026” the market size stood at USD 3.56 billion in 2018. The increasing consumption of animal-derived products along with clean-label requirement by cattle owners will facilitate the growth of the market in the foreseeable future. According to the report, the market by microbial genus is divided into Lactobacillus and Bifidobacterium, yeast, and other microbes. Lactobacillus and Bifidobacterium are expected to account for the highest share in the market owing to their extensive use in the majority of probiotics in animal feed. Furthermore, bacterial strains are proven to be sustainable and viable alternatives to antibiotic growth promoters. Besides, the use of yeast and other fungi has also gained popularity and is likely to grow considerably during the forecast period. For instance, Saccharomyces cerevisiae supports the adequate build-up of protein in the animals; they have also exhibited immunostimulatory activity in farm animals apart from improving the digestive physiology. The report provides an all-encompassing summary of all the prevailing trends of the probiotics in animal feed market. It offers profound insights into all the segments and shares analytical statistics on the geographical aspect of the market. It is created after extensive research followed by wide-ranging analysis to support companies, stakeholders, financers, and potential investors. The report aims to deliver a vibrant illustration of the market size. Additionally, it also covers the latest advancement and development, product launches, acquisitions, collaborations & partnerships, and others Some of the Major Companies in the Probiotics in Animal Feed Market are: Hansen A/S Danisco A/S Koninklijke DSM N.V. Lallemand Inc. Calpis Co Provita Eurotech Ltd Orffa International Holding B.V. BIOMIN Holding GmbH Novus International Inc. Evonik Industries Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/industry-reports/probiotics-in-animal-feed-market-101018
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    Probiotics in Animal Feed Market Size | Global Forecast 2026
    The global probiotics in animal feed market size was valued at USD 3.56 billion in 2018 and projected to reach USD 6.24 billion by the end of 2026
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  • The global kefir market size is projected to reach USD 1.84 billion by 2027, exhibiting a CAGR of 5.4% during the forecast period. Excellent benefits of fermented dairy products on heart health will prove to be a major game-changer for this market in the coming years, observes Fortune Business Insights™ in its report, titled “Kefir Market Size, Share & Industry Analysis, By Product Type (Dairy-based & Non-dairy), By Nature (Organic & Conventional), Category (Flavored & Non-flavored), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, & Online Retail), and Regional Forecast, 2020-2027”. Findings from a 2018 study conducted by researchers from the University of Eastern Finland revealed that men who consume large amount of fermented dairy items such as kefir and yoghurt have a significantly lower risk of developing coronary heart disease. Another study, conducted in Brazil and published in the Journal of Nutritional Biochemistry in 2019, showed that kefir-infused fermented milk improved blood pressure and prevented cardiac hypertrophy. With increasing prevalence of cardiovascular disorders, which are the number one cause of death worldwide according to the WHO, the demand for probiotics-laden ingredients such as kefir is likely to spike, as people become more aware of their potential health benefits.

    The report states that the global market value stood at USD 1.23 billion in 2019 and provides the following:

    Thorough study of all the factors driving and restraining the market;
    Detailed analysis of the various market segments;
    Comprehensive examination of the regional prospects for the market; and
    In-depth research of the competitive landscape of the market.
    List of Key Companies Profiled in the Kefir Market Report:

    The Icelandic Milk and Skyr Corp (New York, U.S.)
    Maple Hill Creamery, LLC (New York, U.S.)
    Green Valley Creamery (California, U.S.)
    The Hain Celestial Group, Inc. (New York, U.S.)
    Nestle S.A. (Vevey, Switzerland)
    Emmi AG (Lucerne, Switzerland)
    Fresh Made Dairy (Pennsylvania, U.S.)
    Biotiful Dairy Limited (London, England)
    Danone S.A. (Paris, France)
    Lifeway Foods, Inc. (Illinois, U.S.)
    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/kefir-market-102463

    Market Opportunity

    Increasing Focus on Gut Health to Fight the Coronavirus to Create Opportunities

    The COVID-19 pandemic has renewed the debate on maintaining gut health, with several health experts emphasizing and highlighting the critical link between the immune system and the gut. For example, epidemiologists at the King’s College London established through research that gut bacteria release many important chemicals, including Vitamin A, which help regulate and strengthen the immune system. With a vaccine for the coronavirus seeming unlikely in the immediate future, bolstering the gut micro-biome, and the immune system by extension, has become crucial. This is possible, according to the researchers, by consuming healthy amounts of natural probiotics found in drinks such as kefir and fermented foods such as Korean kimchi. The current health crisis, therefore, may generate conditions favorable to the kefir market growth. However, disruptions in supply chains and downturn in economic activities will dampen the growth prospects of the market in 2020.


    The global kefir market size is projected to reach USD 1.84 billion by 2027, exhibiting a CAGR of 5.4% during the forecast period. Excellent benefits of fermented dairy products on heart health will prove to be a major game-changer for this market in the coming years, observes Fortune Business Insights™ in its report, titled “Kefir Market Size, Share & Industry Analysis, By Product Type (Dairy-based & Non-dairy), By Nature (Organic & Conventional), Category (Flavored & Non-flavored), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, & Online Retail), and Regional Forecast, 2020-2027”. Findings from a 2018 study conducted by researchers from the University of Eastern Finland revealed that men who consume large amount of fermented dairy items such as kefir and yoghurt have a significantly lower risk of developing coronary heart disease. Another study, conducted in Brazil and published in the Journal of Nutritional Biochemistry in 2019, showed that kefir-infused fermented milk improved blood pressure and prevented cardiac hypertrophy. With increasing prevalence of cardiovascular disorders, which are the number one cause of death worldwide according to the WHO, the demand for probiotics-laden ingredients such as kefir is likely to spike, as people become more aware of their potential health benefits. The report states that the global market value stood at USD 1.23 billion in 2019 and provides the following: Thorough study of all the factors driving and restraining the market; Detailed analysis of the various market segments; Comprehensive examination of the regional prospects for the market; and In-depth research of the competitive landscape of the market. List of Key Companies Profiled in the Kefir Market Report: The Icelandic Milk and Skyr Corp (New York, U.S.) Maple Hill Creamery, LLC (New York, U.S.) Green Valley Creamery (California, U.S.) The Hain Celestial Group, Inc. (New York, U.S.) Nestle S.A. (Vevey, Switzerland) Emmi AG (Lucerne, Switzerland) Fresh Made Dairy (Pennsylvania, U.S.) Biotiful Dairy Limited (London, England) Danone S.A. (Paris, France) Lifeway Foods, Inc. (Illinois, U.S.) Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/kefir-market-102463 Market Opportunity Increasing Focus on Gut Health to Fight the Coronavirus to Create Opportunities The COVID-19 pandemic has renewed the debate on maintaining gut health, with several health experts emphasizing and highlighting the critical link between the immune system and the gut. For example, epidemiologists at the King’s College London established through research that gut bacteria release many important chemicals, including Vitamin A, which help regulate and strengthen the immune system. With a vaccine for the coronavirus seeming unlikely in the immediate future, bolstering the gut micro-biome, and the immune system by extension, has become crucial. This is possible, according to the researchers, by consuming healthy amounts of natural probiotics found in drinks such as kefir and fermented foods such as Korean kimchi. The current health crisis, therefore, may generate conditions favorable to the kefir market growth. However, disruptions in supply chains and downturn in economic activities will dampen the growth prospects of the market in 2020.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Kefir Market Size, Trends, Share | Global Industry Growth [2020-2027]
    The global kefir market size was $1.23 billion in 2019 and is projected to reach $1.84 billion by 2027, exhibiting a CAGR of 5.4% during the forecast period
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  • The global functional protein market is expected to rise in the coming years, owing to the increasing demand for plant-based proteins and awareness about healthy dietary supplement consumption. Fortune Business Insights™ publishes this information in a report titled, "Functional Protein Market, 2021-2028". As per the report, the functional protein market size was USD 5.24 billion in 2020. The market size is expected to rise from USD 6.20 billion in 2021 to USD 15.98 billion by 2028 at a CAGR of 14.48% during the forecast period of 2021-2028.

    Functional proteins allow repairing and building body tissues and coordinate bodily functions by encouraging metabolic reactions to take place efficiently. These proteins provide a structural framework to the body and maintain proper pH and fluid balance. Rising demand for plant-based proteins and dietary supplements to adopt a healthy lifestyle is likely to fuel the market growth during the forecast period.

    COVID-19 Impact:

    Rising Health Awareness Bolstered Product Demand Amid COVID-19 Pandemic

    The widespread COVID-19 virus has affected the growth of various industries. However, the healthcare industry had a positive impact of the pandemic where people adopted healthy eating habits, which bolstered product demand. Rising awareness regarding the benefits of consuming dietary supplements and plant-based proteins during the pandemic supported market expansion. Also, these benefits increased consumer preference towards the product for health, wellness, and sustainability of the proteins.

    List of Key Players Profiled in Market Report for Functional Protein:

    DuPont Nutrition (U.S.)
    Essentia Protein Solutions (U.S.)
    Glanbia plc (Ireland)
    ProtiFarm (Netherlands)
    ADM (U.S.)
    AMCO Proteins (U.S.)
    DSM (Netherlands)
    Merit Functional Foods (Canada)
    Plantible Foods (U.S.)
    Roquette Frères (France)
    Browse A Complate Research Report:

    https://www.fortunebusinessinsights.com/functional-proteins-market-102458

    Segments:

    Rising Protein Utilization in Meat & Poultry Application to Stimulate Growth

    By source, the market is bifurcated into animal and plant-based proteins.

    Based on the application, the market trifurcated into functional food & beverages, animal feed, and dietary supplements.

    Finally, by geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

    Report Coverage:

    The report provides complete information and factual data regarding market development and recent trends in product development strategies. Also, the report sheds light on the impact of the COVID-19 pandemic on market growth and industrial expansion globally. Furthermore, drivers and restraints affecting market development in segmented regions are highlighted in the report. Key market players and their business development strategy are discussed further, along with key industrial development in recent years.

    The global functional protein market is expected to rise in the coming years, owing to the increasing demand for plant-based proteins and awareness about healthy dietary supplement consumption. Fortune Business Insights™ publishes this information in a report titled, "Functional Protein Market, 2021-2028". As per the report, the functional protein market size was USD 5.24 billion in 2020. The market size is expected to rise from USD 6.20 billion in 2021 to USD 15.98 billion by 2028 at a CAGR of 14.48% during the forecast period of 2021-2028. Functional proteins allow repairing and building body tissues and coordinate bodily functions by encouraging metabolic reactions to take place efficiently. These proteins provide a structural framework to the body and maintain proper pH and fluid balance. Rising demand for plant-based proteins and dietary supplements to adopt a healthy lifestyle is likely to fuel the market growth during the forecast period. COVID-19 Impact: Rising Health Awareness Bolstered Product Demand Amid COVID-19 Pandemic The widespread COVID-19 virus has affected the growth of various industries. However, the healthcare industry had a positive impact of the pandemic where people adopted healthy eating habits, which bolstered product demand. Rising awareness regarding the benefits of consuming dietary supplements and plant-based proteins during the pandemic supported market expansion. Also, these benefits increased consumer preference towards the product for health, wellness, and sustainability of the proteins. List of Key Players Profiled in Market Report for Functional Protein: DuPont Nutrition (U.S.) Essentia Protein Solutions (U.S.) Glanbia plc (Ireland) ProtiFarm (Netherlands) ADM (U.S.) AMCO Proteins (U.S.) DSM (Netherlands) Merit Functional Foods (Canada) Plantible Foods (U.S.) Roquette Frères (France) Browse A Complate Research Report: https://www.fortunebusinessinsights.com/functional-proteins-market-102458 Segments: Rising Protein Utilization in Meat & Poultry Application to Stimulate Growth By source, the market is bifurcated into animal and plant-based proteins. Based on the application, the market trifurcated into functional food & beverages, animal feed, and dietary supplements. Finally, by geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Report Coverage: The report provides complete information and factual data regarding market development and recent trends in product development strategies. Also, the report sheds light on the impact of the COVID-19 pandemic on market growth and industrial expansion globally. Furthermore, drivers and restraints affecting market development in segmented regions are highlighted in the report. Key market players and their business development strategy are discussed further, along with key industrial development in recent years.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Nitrogenous Fertilizer Market Size | Global Industry Report, 2026
    The global nitrogenous fertilizer market Size was valued at USD 113.70 billion in 2018 and is projected to reach USD 140.51 billion by 2026, exhibiting a CAGR of 2.73% during the forecast period.
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  • The global nitrogenous fertilizers market size is projected to reach USD 140.51 billion by the end of 2026. The massive investments in the R&D products with active ingredients will aid the growth of the market. According to a report published by Fortune Business Insights, titled " Nitrogenous Fertilizers Market Size, Share & Industry Analysis, By Type (Urea, Calcium Ammonium Nitrate, UAN, Ammonium Sulphate, and Other Nitrogenous Fertilizers), By Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Turf & Ornamentals), and Regional Forecast, 2019 – 2026,” the market was worth USD 113.70 billion in 2018 and will exhibit a CAGR of 2.73% during the forecast period, 2019-2026.

    Nitrogenous fertilizers are products that are produced through combination of substances that are inclusive of nitrogen. The constantly rising global population has created a subsequent demand for crop produce across the world. Recent advances in agricultural activities will emerge in favor of the companies operating in the market. The increasing number of agricultural subsidies will bode well for nitrogenous fertilizer vendors across the globe. The ability of nitrogenous fertilizers to improve the nutrient content of agricultural crop produce will lead to a wider adoption of the product across the world.

    Some of the companies that are operating in the market include:

    Yara International ASA
    Nutrien Ltd.
    EuroChem Group AG.
    CF Industries Holdings Inc.
    PJSC Togliattiazot
    Koch Fertilizers, LLC
    OCI Nitrogen
    Sinofert Holdings Limited
    Coromandel International Ltd.
    URALCHEM Holding Plc.

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/nitrogenous-fertilizers-market-102532

    Increasing Number of Company Collaborations Will Aid Market Growth

    The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of company mergers and acquisitions has had a massive impact on the growth of the market. Accounting to the massive demand for crop and crop produce across the world, large scale companies are looking to acquire smaller companies with a bid to establishing a stronghold in the market. In November 2019, Nutrien Ltd. announced that it has completed the acquisition of Ruralco Holdings Ltd. Through this acquisition, the company plans to build on its existing range of nitrogenous fertilizer products. Due to the massive global customer reach of the company, this acquisition will not just help the company growth, but will also have a massive impact on the growth of the market in the coming years.

    Asia Pacific Holds the Highest market Share; Growing Demand for Crop Produce Will Aid Growth

    The report analyses the ongoing nitrogenous fertilizers market trends across North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific holds the highest market share, driven by the huge demand for crop produce in several countries across this region. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years. As of 2018, the market in North America was worth USD 21.18 billion and this value is projected to increase further in the coming years.

    Industry Developments:

    January 2018: Tata Chemicals announced that it has completed the sale of its urea fertilisers business unit to Yara Fertilisers India for an estimated INR 2,682 crore.

    The global nitrogenous fertilizers market size is projected to reach USD 140.51 billion by the end of 2026. The massive investments in the R&D products with active ingredients will aid the growth of the market. According to a report published by Fortune Business Insights, titled " Nitrogenous Fertilizers Market Size, Share & Industry Analysis, By Type (Urea, Calcium Ammonium Nitrate, UAN, Ammonium Sulphate, and Other Nitrogenous Fertilizers), By Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Turf & Ornamentals), and Regional Forecast, 2019 – 2026,” the market was worth USD 113.70 billion in 2018 and will exhibit a CAGR of 2.73% during the forecast period, 2019-2026. Nitrogenous fertilizers are products that are produced through combination of substances that are inclusive of nitrogen. The constantly rising global population has created a subsequent demand for crop produce across the world. Recent advances in agricultural activities will emerge in favor of the companies operating in the market. The increasing number of agricultural subsidies will bode well for nitrogenous fertilizer vendors across the globe. The ability of nitrogenous fertilizers to improve the nutrient content of agricultural crop produce will lead to a wider adoption of the product across the world. Some of the companies that are operating in the market include: Yara International ASA Nutrien Ltd. EuroChem Group AG. CF Industries Holdings Inc. PJSC Togliattiazot Koch Fertilizers, LLC OCI Nitrogen Sinofert Holdings Limited Coromandel International Ltd. URALCHEM Holding Plc. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/nitrogenous-fertilizers-market-102532 Increasing Number of Company Collaborations Will Aid Market Growth The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of company mergers and acquisitions has had a massive impact on the growth of the market. Accounting to the massive demand for crop and crop produce across the world, large scale companies are looking to acquire smaller companies with a bid to establishing a stronghold in the market. In November 2019, Nutrien Ltd. announced that it has completed the acquisition of Ruralco Holdings Ltd. Through this acquisition, the company plans to build on its existing range of nitrogenous fertilizer products. Due to the massive global customer reach of the company, this acquisition will not just help the company growth, but will also have a massive impact on the growth of the market in the coming years. Asia Pacific Holds the Highest market Share; Growing Demand for Crop Produce Will Aid Growth The report analyses the ongoing nitrogenous fertilizers market trends across North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific holds the highest market share, driven by the huge demand for crop produce in several countries across this region. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years. As of 2018, the market in North America was worth USD 21.18 billion and this value is projected to increase further in the coming years. Industry Developments: January 2018: Tata Chemicals announced that it has completed the sale of its urea fertilisers business unit to Yara Fertilisers India for an estimated INR 2,682 crore.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Nitrogenous Fertilizer Market Size | Global Industry Report, 2026
    The global nitrogenous fertilizer market Size was valued at USD 113.70 billion in 2018 and is projected to reach USD 140.51 billion by 2026, exhibiting a CAGR of 2.73% during the forecast period.
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  • The global dairy alternatives market size is expected to experience considerable growth by reaching USD 53.97 billion by 2028 while exhibiting a CAGR of 13.30% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled, "Dairy Alternatives Market, 2021-2028." The report further mentions that the market stood at USD 19.66 billion in 2020. The growth is owing to the emerging veganism trend and the rising inclination of consumers towards a plant-based diet. According to an environmental view, the dairy and meat sectors are the major contributors to the emission of greenhouse gases. The awareness regarding a sustainable environment has resulted in a major switch among people regarding their diet. For example, according to a survey conducted by Food Standards Agency (FSA), there are about 720,000 vegans in the U.K, which is around 1.2% of the country's total population. Whereas in India, only 1 % of Indians strictly follow veganism, therefore the total population of vegans in India is around 5 million.

    British Population Adopted Veganism during COVID-19 Pandemic

    The rising trend of switching to dairy alternatives was further accelerated during the outbreak of COVID-19. People were forced to stay indoors as the government imposed stringent restrictions regarding social distancing and even announced lockdowns. This resulted in people making healthy living and food choices. Many people switched to vegan and vegetarian diets during the COVID-19 outbreak. For instance, according to an article published by IFT in June 2020, 25% of the British population aged between 21-30 years stated that the COVID-19 pandemic has turned vegan diets to be more tempting. Around 37% of the British population responded that the COVID-19 outbreak has encouraged them to add more nutrients and supplements to their diet that support the immune system. Therefore, this is anticipated to boost this market even during the pandemic.

    Browse Summary

    https://www.fortunebusinessinsights.com/industry-reports/dairy-alternatives-market-100221

    List of Key Players Covered in the Market

    Danone S.A. (Paris, France)
    Archer-Daniels-Midland Company (Illinois, United States)
    Blue Diamond Growers (California, United States)
    SunOpta, Inc. (Brampton, Canada)
    Vitasoy International Holdings Ltd (Tuen Mun, Hong Kong)
    Daiya Food, Inc. (Burnaby, Canada)
    Goya Foods, Inc. (New York, United States)
    Living Harvest Foods, Inc. (Maharashtra, Pune)
    Organic Valley (Wisconsin, United States)
    Eden Foods, Inc. (Michigan, United States)

    Segmentation

    Based on the source, the market is divided into soy, almond, coconut, rice, and oats. By distribution channel, the market is categorized into supermarkets or hypermarkets, convenience stores and online retail, among others. In terms of region, it is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

    On the basis of product type, the market is further classified into non-dairy milk, butter, cheeses, yogurts, and ice-creams. Among these, the non-dairy milk segment dominated the market by earning the largest market share in 2020.

    Report Coverage

    The report presents a holistic study of the market along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions, or driving factors is also mentioned in the report. Step by step, a thorough regional analysis is offered. The COVID-19 impacts have been added to help investors and business owners understand the threats better. The top players in the market are identified, and their strategies to bolster the market growth are shared in the report.

    Drivers and Restraints

    Gained Consciousness Regarding Environmental Issues to Drive Market Growth

    The lactose intolerant population is growing globally, and therefore the market is propelling on this basis. Besides the intolerant part, the perception among people that lactose-free items are better for human health is driving the demand for dairy alternatives. For example, according to the National Institutes of Health, around 68% of the total world population has inherited lactose mal-absorption. Furthermore, 70%-100% of East Asian adults are lactose intolerant, and most of this condition is found among adults overall. Additionally, the production of certain dairy products has substantial environmental bearings, which lead to harmful results such as soil impurity, air pollution, water infiltration, and extensive damage to biodiversity. This is anticipated to boost the dairy alternatives market growth in the foreseeable future.



    The global dairy alternatives market size is expected to experience considerable growth by reaching USD 53.97 billion by 2028 while exhibiting a CAGR of 13.30% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled, "Dairy Alternatives Market, 2021-2028." The report further mentions that the market stood at USD 19.66 billion in 2020. The growth is owing to the emerging veganism trend and the rising inclination of consumers towards a plant-based diet. According to an environmental view, the dairy and meat sectors are the major contributors to the emission of greenhouse gases. The awareness regarding a sustainable environment has resulted in a major switch among people regarding their diet. For example, according to a survey conducted by Food Standards Agency (FSA), there are about 720,000 vegans in the U.K, which is around 1.2% of the country's total population. Whereas in India, only 1 % of Indians strictly follow veganism, therefore the total population of vegans in India is around 5 million. British Population Adopted Veganism during COVID-19 Pandemic The rising trend of switching to dairy alternatives was further accelerated during the outbreak of COVID-19. People were forced to stay indoors as the government imposed stringent restrictions regarding social distancing and even announced lockdowns. This resulted in people making healthy living and food choices. Many people switched to vegan and vegetarian diets during the COVID-19 outbreak. For instance, according to an article published by IFT in June 2020, 25% of the British population aged between 21-30 years stated that the COVID-19 pandemic has turned vegan diets to be more tempting. Around 37% of the British population responded that the COVID-19 outbreak has encouraged them to add more nutrients and supplements to their diet that support the immune system. Therefore, this is anticipated to boost this market even during the pandemic. Browse Summary https://www.fortunebusinessinsights.com/industry-reports/dairy-alternatives-market-100221 List of Key Players Covered in the Market Danone S.A. (Paris, France) Archer-Daniels-Midland Company (Illinois, United States) Blue Diamond Growers (California, United States) SunOpta, Inc. (Brampton, Canada) Vitasoy International Holdings Ltd (Tuen Mun, Hong Kong) Daiya Food, Inc. (Burnaby, Canada) Goya Foods, Inc. (New York, United States) Living Harvest Foods, Inc. (Maharashtra, Pune) Organic Valley (Wisconsin, United States) Eden Foods, Inc. (Michigan, United States) Segmentation Based on the source, the market is divided into soy, almond, coconut, rice, and oats. By distribution channel, the market is categorized into supermarkets or hypermarkets, convenience stores and online retail, among others. In terms of region, it is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. On the basis of product type, the market is further classified into non-dairy milk, butter, cheeses, yogurts, and ice-creams. Among these, the non-dairy milk segment dominated the market by earning the largest market share in 2020. Report Coverage The report presents a holistic study of the market along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions, or driving factors is also mentioned in the report. Step by step, a thorough regional analysis is offered. The COVID-19 impacts have been added to help investors and business owners understand the threats better. The top players in the market are identified, and their strategies to bolster the market growth are shared in the report. Drivers and Restraints Gained Consciousness Regarding Environmental Issues to Drive Market Growth The lactose intolerant population is growing globally, and therefore the market is propelling on this basis. Besides the intolerant part, the perception among people that lactose-free items are better for human health is driving the demand for dairy alternatives. For example, according to the National Institutes of Health, around 68% of the total world population has inherited lactose mal-absorption. Furthermore, 70%-100% of East Asian adults are lactose intolerant, and most of this condition is found among adults overall. Additionally, the production of certain dairy products has substantial environmental bearings, which lead to harmful results such as soil impurity, air pollution, water infiltration, and extensive damage to biodiversity. This is anticipated to boost the dairy alternatives market growth in the foreseeable future.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Dairy Alternatives Market Size, Share and Growth [2021-2028]
    The global dairy alternatives market is projected to grow from $22.25 billion in 2021 to $53.97 billion in 2028 at a CAGR of 13.30% during forecast period
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